traditional
A traditional economy is where all economic decisions are based on age-old customs.
Market economy
traditional
There are a few things that illustrate the traditional economic system. These include Amazon tribes, Aborigines, and a multitude of substainance groups. For OW its "label reading Made in China"
c
A traditional economy is where all economic decisions are based on age-old customs.
Customs and traditions.
Market economy
traditional
There are a few things that illustrate the traditional economic system. These include Amazon tribes, Aborigines, and a multitude of substainance groups. For OW its "label reading Made in China"
c
Economic decisions are based on supply and demand. A+
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
traditional
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
Traditional
Traditional